C130 exam dumps

IIC C130 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: C130
  • Exam Name: Essential Skills for the Insurance Broker and Agent
  • No. of Questions: 79 Questions and Answers
  • Updated: Aug 19, 2026

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IIC C130 Exam Syllabus Topics:

SectionObjectives
Ethics, Legal Principles, and Professional Standards- Duty of care and fiduciary responsibility
- Ethical conduct and regulatory expectations
Insurance Intermediaries and Distribution- Agency relationships and authority
- Role of agents and brokers
- Distribution systems (direct writer, independent brokerage, etc.)
Insurance Fundamentals and Core Concepts- Types of risk and risk management
- Principles of insurance (risk, insurability, contracts)
Insurance Products and Policy Basics- Property and liability insurance fundamentals
- Policy structure and coverage concepts
Client Needs and Risk Assessment- Information gathering and client interviewing
- Identifying client exposures and loss potential

IIC Essential Skills for the Insurance Broker and Agent Sample Questions:

1. Which additional coverage is not typically available for personal-lines risks, although it is often provided at an additional charge for commercial risks?

A) Flood insurance
B) Specialized motor vehicle endorsement
C) Renovation and remodelling endorsement
D) Identity theft insurance


2. Relay Cycle Shop has been non-operational for six months since an arsonist set fire to the building. The store is empty of all contents, and contractors continue to work onsite. The owner of the shop anticipates it will be able to reopen in four weeks. How would the shop traditionally be categorized by the insurer?

A) Unoccupied
B) Vacant
C) Idle
D) Abandoned


3. Which homeowners package policy provides all-perils coverage on the building and named-perils coverage on the contents?

A) Broad
B) Basic
C) Standard
D) Comprehensive


4. The insurance industry is entering a hard market as a result of losses arising from extreme weather. Megan, a broker, has been advised by the North American Fire and Casualty Company that it will be increasing its homeowner policy rates by 25 percent, effective immediately.
How should Megan deliver the bad news to her client Mr. Robertson, a widower living on a fixed pension?
How will she communicate with her client and what outcomes will Megan work towards?


5. It is critical that an intermediary is always mindful of privacy legislation during which method of sourcing clients?

A) Upselling
B) Walk-ins
C) Tracking of expiry dates
D) Online marketing


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: Only visible for members
Question # 5
Answer: D

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